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Stock Trend Analysis Report

Prepared for you on Thursday, May 24, 2018.

MELCOR DEVELOPMENTS LTD (TSE:MRD)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

TSE_MRD
Open High Low MRD Price Change
15.73 15.73 15.73 15.72 0.00
Entry Signal

MarketClub’s Trade Triangles for MRD

long term up The long term trend has been UP since May 3rd, 2018 at 15.04

intermediate term up The intermediate term trend has been UP since Mar 27th, 2018 at 14.38

short term up The short term trend has been UP since May 2nd, 2018 at 14.60

Smart Scan Analysis for MRD

Based on a pre-defined weighted trend formula for chart analysis, MRD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+90
Smart Scan Analysis for MRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.73 15.73 15.73 15.72 0.00
Prev. Close Volume Bid Ask Time
15.72 860 2018-05-24 13:50:08
Year High15.95Year High Date2018-05-18
Year Low13.43Year Low Date2018-02-28
52wk High16.4152wk High Date2017-05-24
52wk Low13.4352wk Low Date2018-02-28
Year End Close15.75Average Volume9,966
Volatility18.09
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